Can I retire at age 51 with 2,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$165,984$164,505$163,063$161,655$160,280$155,900
2 years$82,170$80,640$79,157$77,719$76,324$71,943
3 years$54,236$52,699$51,220$49,795$48,423$44,178
4 years$40,272$38,739$37,275$35,875$34,536$30,460
5 years$31,895$30,372$28,927$27,555$26,253$22,358
6 years$26,313$24,801$23,377$22,036$20,773$17,062
7 years$22,327$20,828$19,427$18,117$16,894$13,367
8 years$19,339$17,853$16,475$15,198$14,016$10,670
9 years$17,016$15,545$14,190$12,945$11,803$8,637
10 years$15,159$13,702$12,371$11,159$10,057$7,065
11 years$13,640$12,198$10,891$9,712$8,649$5,828
12 years$12,376$10,948$9,666$8,518$7,495$4,839
13 years$11,307$9,894$8,636$7,520$6,536$4,039
14 years$10,391$8,993$7,759$6,676$5,729$3,386
15 years$9,598$8,216$7,006$5,954$5,045$2,848
16 years$8,905$7,538$6,352$5,331$4,458$2,403
17 years$8,294$6,942$5,780$4,790$3,953$2,032
18 years$7,752$6,415$5,276$4,317$3,515$1,722
19 years$7,267$5,945$4,830$3,900$3,133$1,462
20 years$6,831$5,524$4,433$3,533$2,798$1,243
21 years$6,438$5,146$4,077$3,206$2,504$1,058
22 years$6,080$4,803$3,758$2,915$2,245$901
23 years$5,754$4,492$3,470$2,655$2,015$768
24 years$5,456$4,209$3,209$2,421$1,811$656
25 years$5,182$3,950$2,972$2,211$1,630$560
26 years$4,930$3,712$2,756$2,022$1,468$478
27 years$4,696$3,494$2,560$1,851$1,324$409
28 years$4,480$3,292$2,380$1,696$1,194$349
29 years$4,279$3,106$2,214$1,555$1,078$299
30 years$4,091$2,933$2,063$1,427$974$256
31 years$3,917$2,773$1,923$1,311$881$219
32 years$3,753$2,624$1,794$1,204$797$187
33 years$3,600$2,485$1,675$1,108$721$160
34 years$3,456$2,355$1,565$1,019$653$137
35 years$3,320$2,234$1,463$938$591$117
36 years$3,192$2,120$1,369$864$536$101
37 years$3,072$2,013$1,281$796$486$86
38 years$2,958$1,914$1,200$734$440$74
39 years$2,850$1,820$1,124$677$399$63
40 years$2,748$1,731$1,054$624$362$54
41 years$2,651$1,648$988$576$329$46
42 years$2,559$1,569$927$531$298$40
43 years$2,471$1,495$870$490$271$34
44 years$2,388$1,425$816$453$246$29
45 years$2,309$1,359$766$418$223$25
46 years$2,233$1,297$720$386$202$21
47 years$2,161$1,237$676$357$184$18
48 years$2,092$1,181$636$330$167$16
49 years$2,026$1,128$597$305$152$13
50 years$1,962$1,078$562$282$138$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,010,000, adding $2,926 every year, while hoping to spend $40,298 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 36/50/14 Blend
50$2,010,000$2,010,000$2,010,000$2,010,000
51$2,218,038$2,111,508$2,080,353$2,288,234
52$2,401,401$2,172,095$2,107,168$2,399,660
53$2,602,117$2,234,301$2,133,531$2,515,818
54$2,821,912$2,298,161$2,159,384$2,640,342
55$3,062,690$2,363,713$2,184,666$2,773,999
56$3,326,544$2,430,995$2,209,312$2,917,628
57$3,615,783$2,500,045$2,233,255$3,072,157
58$3,932,947$2,570,901$2,256,423$3,238,602
59$4,280,834$2,643,602$2,278,740$3,418,084
60$4,662,528$2,718,188$2,300,127$3,611,835
61$5,081,424$2,794,697$2,320,499$3,821,210
62$5,541,262$2,873,170$2,339,768$4,047,702
63$6,046,161$2,953,646$2,357,841$4,292,951
64$6,600,661$3,036,166$2,374,620$4,558,767
65$7,209,760$3,120,769$2,390,002$4,847,138
66$7,878,965$3,207,497$2,403,877$5,160,255
67$8,614,345$3,296,390$2,416,132$5,500,529
68$9,422,583$3,387,487$2,426,647$5,870,617
69$10,311,042$3,480,830$2,435,296$6,273,443
70$11,287,837$3,576,459$2,441,946$6,712,227
71$12,361,904$3,674,413$2,446,459$7,190,516
72$13,543,090$3,774,732$2,448,688$7,712,217
73$14,842,247$3,877,455$2,448,480$8,281,632
74$16,271,327$3,982,621$2,445,675$8,903,501
75$17,843,501$4,090,268$2,440,104$9,583,045
76$19,573,281$4,200,434$2,431,590$10,326,015
77$21,476,655$4,313,155$2,419,947$11,138,746
78$23,571,240$4,428,466$2,404,982$12,028,219
79$25,876,448$4,546,402$2,386,491$13,002,123
80$28,413,667$4,666,997$2,364,260$14,068,929
81$31,206,464$4,790,283$2,338,065$15,237,973
82$34,280,806$4,916,289$2,307,673$16,519,538
83$37,665,306$5,045,045$2,272,838$17,924,955
84$41,391,493$5,176,578$2,233,303$19,466,709
85$45,494,107$5,310,912$2,188,801$21,158,558
86$50,011,429$5,448,070$2,139,049$23,015,658
87$54,985,642$5,588,072$2,083,754$25,054,713
88$60,463,224$5,730,935$2,022,607$27,294,128
89$66,495,396$5,876,673$1,955,286$29,754,182
90$73,138,593$6,025,298$1,881,456$32,457,223
91$80,455,008$6,176,816$1,800,763$35,427,876
92$88,513,170$6,331,231$1,712,840$38,693,277
93$97,388,595$6,488,542$1,617,301$42,283,330
94$107,164,496$6,648,745$1,513,745$46,230,986
95$117,932,571$6,811,830$1,401,751$50,572,557
96$129,793,863$6,977,780$1,280,881$55,348,059
97$142,859,721$7,146,575$1,150,674$60,601,588
98$157,252,844$7,318,188$1,010,652$66,381,738
99$173,108,439$7,492,585$860,315$72,742,060
100$190,575,504$7,669,725$699,139$79,741,566